Crypto News
LayerZero (ZRO) Tests $2.06 Support as RSI Shows Neutral Zone Trading
ZRO price trades at $2.06 with -5.15% daily decline. Technical indicators show mixed signals as LayerZero's RSI sits neutral at 51.32 while MACD suggests emerging bullish momentum. (Read More)Source link
Ethereum Price Watch: Bulls Eye $4,550 as Support Holds Steady at $4,300
Ethereum traded between $4,298 and $4,335 over the past hour as the broader market contends with signs of exhaustion near key resistance levels. With a market capitalization of $519 billion and a 24-hour global trade volume of $41.92 billion, ethereum continues to dominate intraday liquidity, fluctuating between $4,239 and $4,563 in the last 24 hours.Source link
Bitcoin Network Hashrate Rose 4% in First Two Weeks of August: JPMorgan
The Bitcoin network hashrate rose 4% in the first two weeks of the month to an average of 937 exahashes per second (EH/s), Wall Street bank JPMorgan (JPM) said in a research report Monday.The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty.The combined hashrate of the 13 U.S.-listed miners the bank tracks rose 94% year-on-year, almost double the 48% increase in the network hashrate. The U.S. miners now account for 33.6% of the global figure, the highest level on record."We estimate miners earned ~$56,300 in daily block reward revenue per EH/s over the first two weeks of the...
ENS Price Drops 6% Despite Ethereum’s Rally – Technical Analysis Shows Mixed Signals
ENS trades at $25.27 after a 5.99% decline, testing key support levels while Ethereum Name Service technical analysis reveals neutral RSI and bearish momentum indicators. (Read More)Source link
Golden Cross Signal Fades as XRP Slumps Below $3
XRP slid to $2.97 in its sharpest decline in weeks, shedding 5.4% over a 23-hour stretch as retail selling overwhelmed order books. The move came on surging volumes that eclipsed daily averages, but whale wallets quietly absorbed the dip — scooping 440 million tokens worth $3.8 billion. The divergence between retail capitulation and institutional accumulation sets up a pivotal point around the $3.00 mark.News Background• XRP fell from $3.14 to $2.97 in under 24 hours, posting its steepest pullback since July.• Whale buyers added 440 million XRP even as retail traders dumped holdings.• A symmetrical triangle pattern has formed, with a breakout target near $3.90 if resistance clears.• Broader crypto markets saw correlated weakness amid rising risk-off sentiment.Price Action Summary•...